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Decentralization or decentralisation is the process by which the activities of an organization, particularly those related to planning and decision-making, ...
One of the most well known examples of a "natural" decentralized system is one used by certain insect colonies. In these insect colonies, control is distributed among the homogeneous biological agents who act upon local information and local interactions to collectively create complex, global behaviour.
Decentralized finance (often stylized as DeFi) provides financial instruments and services through smart contracts on a programmable, permissionless blockchain. This approach reduces the need for intermediaries such as brokerages , exchanges , or banks . [ 1 ]
DeFi — short for decentralized finance — is a new vision of banking and financial services that is based on peer-to-peer payments through blockchain technology. Via blockchain, DeFi allows ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 11 January 2025. Granting of some competences of central government to local government This article is about the form of government. For other uses, see Devolution (disambiguation). "Devolved parliament" redirects here. For the painting, see Devolved Parliament (Banksy). See also: Subsidiarity and ...
Decentralized decision-making also contributes to the core knowledge of group intelligence and crowd wisdom, often in a subconscious way à la Carl Jung's collective unconscious. Decision theory is a method of deductive reasoning based on formal probability and deductive reasoning models.
Part One: A Convergence of Forces Disrupts the Logic of Centralization
Centralisation of authority is the systematic and consistent concentration of authority at a central point or in a person within the organization. This idea was first introduced in the Qin dynasty of China.